Allens Arthur Robinson has advised the Thailand Government on its new Public Private Partnership framework which aims to provide funding for significant infrastructure projects across the country.
Where a PPP is identified as the most efficient procurement method, the newly established Framework provides detailed guidance to Thai Government agencies in relation to governance and process.
PPPs were originally developed in the
Allens’ Projects Partner Leighton O’Brien predicted that several other countries around
“PPPs provide an opportunity for risk and costs to be shared, with the added benefit that they can deliver cost savings of up to 20 per cent on major projects.”
The new PPP framework relates to projects valued in excess of THB 1000 million ($43.8 million), requiring both the public and private sector to co-operate in a transparent manner to fund and build infrastructure projects such as roads and hospitals.
“Each nation’s PPP framework may have its own peculiarities but, in essence, I’d expect them to be broadly similar in structure – which is good news for private sector companies who are bidding for project work across the region,” said O’Brien.